im 


A 

A  = 

A  = 

CO 

0  = 

0  = 

0  = 

h  — 

^^^  rJ 

1  = 

I> 

GENEVA  AWARD  FUND. 


V/  FROM 


HENRY  W.TIUBBELt 


TO    THE 


Hon.  GEORGE  F.  EDMUNDS, 


Chainnan  of  the  Judiciary  Committee, 


TJ-    S-    SE3SrJ5^TE- 


CLAIMS    FOR    WAR    PREMIUMS. 


I      >        > 


NEW  YORK. 
PuKss  OF  John  Polhemus,  102  Nassau  St. 

1877. 


-••      -•- 


•  •    •     •       •     o       a 

•  «      •    ••    r     •      • 


•        «  • 


••  •••  .**.  :•  !.•  •   • 


(Copy.) 

New  YoiiK,  Januaiy  4,  1877. 

Hon.  Georoe  F.  ED:\riJNDS,  Chairman  of  the  tienate 
Judiciary  Committee^  Wasliington,  D.  C. 

Deak  Sir. — Complying  with  my  promise,  I  beg- 
to  hand  you,  indosed,  a  copy  of  an  interesting  re- 
cord of  adventures,  whicli,  unfortunately^  I  did  not 
have  with  me  at  Washington,  to  guide  me  more  care- 
hdly  ill  my  interview  with  you,  instead  of  speak- 
ing mainly  from  niemor}'.  It  covers  importations 
from  Java,  Manila,  China,  Singapore,  Penang,  and 
Calcutta,  aggregating  snles  of  s4,86().()()(). 

Bear  in  mind,  it  has  not  been  made  up  for  this  par- 
ticular occasion,  but,  accidentally  coming   to   light 
anumg  old  accounts  rcmdered  and  closed  years  ago, 
\y    it   seems  eminently  useful    at   this   moment   to  en- 
'^  .  lighten  you  upon  the  character  and  results  of  a  por- 
v;    tion  of  the  business  in  whicli  I  was  interested   du- 
^^    rina:  the  war  :    otherwise  I  could  not  have  und'  rta- 
ken  to  furnish  a  similai-  statement,   occupying,  as  it 
t>v    woidd.  much  time  and  endless  (clerical  labor. 

r  also  inclose  a  copy  of  "Sales""  and  ''Accounts 
*)    Current'"  of  the  following  adventures,  viz.: 

^  Dec.  23,  1864,  Car^oix'v  sliip  Tropic,  fi'oiii  ]\Ianil:i,  slinw- 

,         ing  a  loss  of -  -  -     37,445  !)1 

V  Dec.  31,  18(54,  ("argo  per  sliip  N.   Bitldle,  from  Calouttii, 

^         showing  a  loss  of- -  - 25,870  32 

vfj'  May  17,   1804,  Cargo  per  ship  Hamlet,    from    Manila, 

/^        showing  a  profit  of '.  12,983  55 

Nov.  26,  1864,  Cargo  per  ship  Sea  Serpent,  from  Manila. 
<^         showing  a  profit  of - -       2,244  21 

rj       The    modus    operandi   exhibited    in    these   ac- 
J    counts  will  explain  to  you  the  ])rinciple  upon  which 

all  the  adventures  in   tlic  ])rinted  record  herewith 

were  carried  out. 


42577^ 


2 

And,  I  may  venture  to  add,  and  be  excused  for 
j)i-('suiuiiig  to  state,  that  the  general  course  of  my 
commercial  transactions  may  be  received  as  a  fair 
showing  of  results  generally  realized  in  all  branches 
of  distant  mercantile  enterprises,  embracing  the 
entire  duration  of  the  war. 

I  beg  on  this  occasion  to  refer  more  especially  to 
the  following  questions  as  I  recollect  were  put  to  me 
at  our  interview,  and  endeavor  to  review  them  in  a 
light  tliat  T  have  no  doubt  will  be  entirely  satisfac- 
tory to  you,  viz.  : 

(1.)  What  was  the  result  of  my  exj)erience  in  im- 
importations  of  foreign  merchandise  immediately 
preceding  and  during  tlie  war,  and  the  state  of  ouf 
distant  foreign  trade  at  the  commencemeiit  of  hos- 
tilities '. 

(2.)  Did  not  the  importer  fix  and  realize  a  price 
for  his  goods  that  w^ould  cover  not  only  all  expenses 
—  including  the  "extra  war  premiums  " — but  liberal 
war  profits  in  addition,  and  thus  reimburse  himself 
for  the  "  extra  premium  "  against  risk  of  capture, 
out  of  tlie  consumer  ? 

Tlie  inclosed  Exhibits  to  which  .your  careful  atten- 
tion is  particularh'  requested,  will  confirm  from  per- 
fect data  what  I  now  repeat — that  on  the  breaking  out 
of  the  war,  in  April.  1801,  and  for  two  years  prior  and 
subsequent  to  that  event,  foreign  commerce  was 
greatl}^  depressed.  Stocks  of  mercliandise,  partic- 
ularly East  India  goods,  were  so  excessive  and  pros- 
])e('ts  so  un})roniising  for  an  early  improvement  that 
bankers  cautiously  withheld  from  their  customers 
tht>  usual  facilities  b}^  limiting  their  lines  of  credits, 
which  notably  restricted  commercial  operations, 
particulariy  witli  distant  marts  of  the  world.  This 
state  of  things  in  time,  naturally  corrected  itself 
by  consumption  slowly  overtaking  supplies,  until, 
towards  the  close  of  the  war  importers  began  to  re- 
alize a  ])rotitable  return.  After  the  fall  of  Richmond, 
in  May,  I860,  business  continued  to   improve. 


It  may  be  noted,  however,  that  this  improvement, 
very  largely  grew  out  of  tht;  four  year' s  embargo 
which  the  war  had  inflicted  upon  the  South,  and 
the  supplies  needful  to  that  section  upon  the  reopen- 
ing of  its  intercourse  with  the  North,  which  partially 
repaid  the  merchant  for  his  patience  and  perseve- 
rance in  struggling  thi'ough  four  or  five  years  of 
disastrous  results. 

I  refer  to  the  record  of  adventures  (page  10)  from 
May  to  December,  1865,  inclusive,  immediately 
following  the  clpse  of  the  war.  It  shows  a 
proflt  of  jB187,778.87,  from  which  deduct  the  losses 
of  $102,500.79,  from  January,  1868,  to  May,  1865— 
the  cargo  of  the  Winged  Racer  having  been 
partially  paid  for  from  the  Geneva  award — and  you 
will  have  a  result  of  al)Out  $85,212.08,  of  profits.  And 
here  I  desire  to  impress  upon  your  attention  particu- 
larly that  this  apparent  proflt  would  barely  ex- 
exceed  li^'c  ujDon  the  cost  and  expenses  of  the  ag- 
gregate l)usiness  during  the  four  years  of  the  war. 
And,  to  l)riiig  the  matter  of  j^roflt  and  loss  imme- 
diately preceding  and  during  the  war  still  more  forci- 
bl}^  to  3^our  attention  I  may  add,  in  detail,  that  for 
two  years  ending  20th  May,  1861,  about  the  time  the 
wai'  ])egan  to  assume  a  formidable  shape,  my  losses 
were,  in  adventui-es  with  India  and  distant  ports  of 
Eastern  Asia,  also  the  AVest  Coast  of  Chili  and  Peru, 
made  up  to  the  above  date  on  their  face,  $164,860.12, 
less  about  $20,000  commissions  charged  thereon. 
From  May,  1861,  to  -January,  1862,  my  business  was 
unimportant.  At  the  latter  date.  1  renewed  my 
oi'ders,  which  required  about  ten  months  for  a  ship- 
ment to  mature.  Thus,  it  will  be  seen  in  the  record 
of  adventnres',  that  on  the  2d  January,  1808,  the 
shipment  ex.  '  Surprise'  from  China  is  noted.  I  make 
this  statement  thus  sunuuarily,  and  at  the  outset  of 
this  letter,  .  to  establish  and  settle  the  fact  that 
so  far  from  the  business  being  a  monej^-nmking 
one,  it  resulted  in  a  simph^  ('(mimission  for  guaranty 
upon  sales,  without  even  the  addition  of  a  factor's 
commission  of  2^  pei-  cent. 


I 


As  must  always  be  the  case  in  time  of  war,  when 
a.  country  has  to  descend  to  a  demoralized  paper 
money  system,  so  our  people,  as  the  quantity  of 
that  kind  of  money  increased,  became  speculative, 
and.//c//7/o/^v7?/prosl)evous,  until,  in  this  respect,  the 
war  wns  ])i-on()unced  a  blessing,  inasmuch  as  the 
country  was  growing  rich  by  it. 

Tliis  i)aper  money  illusion,  however,  had  no  con- 
nection nor  sympathy  whatever  with  the  business  of 
the  importei-,  the  nature  of  whose  transactions  com- 
pelled him  to  continue  his  operations  upon  a  gold 
basis,  the  same  as  in  time  of  peace';  the  effect  of 
which,  T  trust,  may  be  made  so  clear  to  your  com- 
prehension that  I  am  not  without  hope  of  being  able 
to  disabuse  your  mind  of  the  erroneous  idea  that 
the  merchant  was  operating  in  the  same  channel  as 
the  domestic  trad(^r  and  apparently  making  money 
on  the  same  magnificent  scale  as  manufacturers, 
government  contractors,  agriculturists,  real  estate 
speculators,  and  operators  generally,  throughout 
the  length  and  breadth  of  the  land. 

I  cannot,  however,  see  how  results  of  profit  or  loss 
during  the  war  can  practically  establish  any  difi'erent 
principle  than  similar  results  in  time  of  peace.  Fluc- 
tuations in  the  producing, also  in  the  consuming,  mar- 
kets, MIC  the  same  in  either  case,  and  whether  impor- 
tations are  profitable,  or  otherwise,  the  extra  "war 
risk"  covered  in  time  of  war  is,  to  the  extent  of  the 
wai'  ])r(Mnium  paid,  a  direct  resulting  loss  to  the 
ini])()rtei-,  beyond  the  possibility  of  recovering  it 
from  the  consumer. 

The  i;hmse  •■  marking  up  "  goods  so  current,  it 
seems,  during  the  war,  ui)on  which  great  stress  was 
laid  by  the  Hon.  William  Lawrence,  of  Ohio,  in  his 
speech  delivered  in  the  House  of  Representatives,  on 
the        diiy  of  .Inly,  1876,  wherein  he  says  :   "From 

"  the  middle  of   the  year  1862   to  the  beginning  of 
"  18G4  the    ])ii<'(>s  of  almost  every  article  consumed 

"  trebled,    and     in     uumy    instances    quadrupled. 

"A  great  pan   of   the  business  of  merchants  and 

"their  clerks   was  in   *' marking  up"    goods,  and 


I 


"  tlio  people  generally  became  familiar  Avitli  that 
"  interesting  mercantile  exercise.  Freight,  marine 
"  premiums,  extra  war  risk  jnemiums.  were  all 
"added  to  the  cost  of  the  goods,  and  tht^ii  tlie 
"  liberal  war  tiini'  i)ei'  centagi^  was  put  ui>(>n  the 
"' whole  sum,  thus  making  the  extra  wai- ])reiniiim 
''  a  res])e('table  and  not  an  uni)rolital)le  investment. 
"  Noi-  did  the  thrii't y  iiieichant  always  limit  himself 
*'  in  the  "marking  up"  pi-ocess  to  new  jMirchases. 
"  That  there  might  be  no  confusion,  the  old  stock 
"  was  usually  'marked  uj)"  with  the  n(nv.  In  short, 
"  the  consumer  ])aid  the  extra  war  risk  prenuum." 

Mr.  Lawrence  is,  undoubtedly. ijuite  excusable  for 
his  want  of  practical  knowledge  in  mercantile  trans- 
actions;  otherwise  he  con  hi  not  possibly  have  com- 
mitted a  mistake  so  grave  as  he  did.  The  ])lirase 
"marking  up"'  was  ajjplicable  especially  to  ti-aders 
or  middle  men,  better  known  as  jobbers  or  shop- 
keepers, whose  Imsiness,  as  1  have  already  said, 
was  based  n])on  depreciated  paper  money  in 
their  trading  relations  with  consumers,  which,  un- 
fortunatel}',  led  many  learned  gentlemen  now 
occupying  high  positions  in  the  forum  of  their 
country — reasoning  on  the  same  false  ])remises 
in  which  Mr.  Lawrence  indulged — to  believe  that 
the  business  of  the  importei-  of  foreign  merchandise 
was  conducted  and  affected  precisely  in  the  same 
way  as  that  of  the  jobber  oi-  middle  man  when  no 
parallel  whatever  can  he  drawn  iherefrom. 

Instance  the  jobbiM'  or  distributor  of  goods  to  the 
(consumer  during  the  war.  lie  paid  for  his  coffee 
20  cents  per  pound  in  depreciated  paper.  The  pre- 
mium (m  gold  advances  50  per  cent.  At  once  he 
"  maiks  up  "  his  goods  to  80  cents  per  pound.  Not 
that  coffee  has  suddeidy  become  scarce,  and  the 
importer  enalded  to  substantially  exact  and  realize 
this  advance  on  a  limited  su])])ly,  but  simply  50  per 
(ient,  depreciation  in  ])a]).'r  money  and  nothing 
more.  Coffee  remains  unchanged  in  price  in  the 
hands  of  the  im})orter  stored  in  bond.  The  50 
per    cent,    advance   in   gold   simply   compels   him 


to  use  50  per  cent,  more  of  dei)reciated  paper  money 
to  reimburse  liis  gold  witli  wliich  to  pay  the 
import  duty ;  also  his  freight,  and  i)urcliase  his 
sterling  exchange  to  remit  to  England  in  final 
payment  of  his  coffee  imported  under  sterling- 
credits,  payable  in  British  gold  in  London,  He 
realizes  no  more  in  gold  for  his  coffee  at  30  than  2() 
cents  currency  per  pound,  and  thus  the  war  pre- 
mium paid,  or  the  extra  marine  premium  on  second- 
class  risks,  or  high  and  low  freights,  or  commissions 
added  to  the  cost,  can  not  nor  does  not  influence  the 
buyer  to  pay  one  cent  more  for  his  goods  than  the 
legitimate  competition  establishes.  It  would  be 
simply  absurd  to  suppose  the  impoi'ter  could  arbi- 
trarily override  the  fundamental  hiAv  of  supply  and 
demand  which  absolutely  controls  the  market  prices 
of  the  world  over. 

Instance  goods  imported  under  the  British  and 
American  flag  during  the  war.  The  one  pays  no  war 
premium.  Tlie  loyal  American  flag  is  subjected  to 
it.  Both  cargoes  are  shipjjed  at  the  same  cost,  and 
both  sold  at  the  same  prices.  'Tis  very  clear  that, 
to  the  extent  of  the  extra  war  premium  paid  the  one 
suffers,  while  the  neutral  flag  comes  in  "  scot  free," 
reaping  the  benefit  of  the  saving  of  the  extra  war 
IDremium,  with  the  advantage  on  a  dull  market  to 
make  a  concession  to  bu^^ers  and  I'id  themselves 
of  a  heavy  responsibility. 

It  cannot  be  possible  that,  after  a  full  and  careful 
examination  of  the  relative  i^osition  of  an  imi)orter, 
as  compared  with  the  domestic  trader  and  distributor 
of  goods  to  the  country  in  time  of  war,  on  a  depr(^- 
ciated  currency  basis,  the  intelligent  Senatoi- 
should  be  unable  to  see  that  the  merchant  could  not 
by  any  possibility  be  reimbursed  from  the  consumer 
for  the  extraordinary  war  premiums  paid  to  cover 
the  risk  of  capture,  which  extra  war  risk  he  was 
compelled  to  cover  as  a  condition  when  opening- 
credits  with  his  London  bankers,  oi-  tie  his  ships  up 
to  the  dock  to  rot,  and  driven  to  emplo}^  foreign 
bottoms,  while  Confederate  cruisers  were  ravaging 
the  seas. 


The  following  (X)py  of  a.  letter  from  the  agent  of 
Messrs.  Baring  Brothers  &  Co.,  of  London,  will  eon- 
linn  the  conditions  requiicd  from  their  eorres])on(l- 
ents  upon  granting  credits  soon  after  the  war  coiii- 
nienced  : 

Boston,  November  25,  '(51. 

Messrs.  Bucklix  &  Ckane, 

New  York. 

(Jentli'Aiicn. : 

"I  liave  yoiii'  Miliicd  favoi-  of  yesterday,  a-3id 
beg  yon  to  acct^pt  my  thanks  for  the  prom})r 
manner  in  which  you  linve  met  my  inquiries.'" 

'Vl  note  yoni-reniaiivs  ns  to  insurance,  and  thai  you 
make  excerption  in  neutral  vessels.  My  understand- 
ing is  for  the  present  with  all  correspondents  that 
they  will  insure  against  war  risk  in  all  cases,  but  if, 
as  we  may  hope,  within  a  few  moJiths  we  may  see 
the  way  clear  to  rescind  all  restrictions  as  to  wai- 
risk,  it  will  at  once  be  done.  For  the  sake  of  regu- 
laiity,  and  to  nnderstand  fully  from  the  onts<:'t, 
please  conlirm  to  me  that  while  using  Messrs.  Ba- 
ring's credits,  no  neAV  ones  will  b(>o]¥Mied  with  other 
London  houses." 

,  1  am,  gentlemen. 

Truly  yours, 
(Signed)  SAM'L  G.  AVAR]), 

Alt'!/. 

A  careful  consideralioii  of  the  War  Premium 
(Jlainis,  as  classed  in  the  House  bill,  now  in  tlie 
''Senate  Judiciary  Committee,'"  should  entitle  them 
to  be  ])la('e(l  among  the  very  1irst  niei-itorious  and 
equitable  liens  u])on  the  fund  now  remaining  undis- 
posed of  under  the  clause,  Sec.  15  of  laws  approved 
June  23d,  1874,  viz.  :  '"and  after  the  paynnrnt  of  the 
'•said  judgments,  and  the  reinduirsenients  of  tln^ 
"exj^enses  as  herein  provided,  if  there  shall  ivinain 
"any  part  of  the  said  money,  the  same  shall  be  and 
"remain  a  fund  fiom  which  Congress  may  hereafter 
"authorize  the  payment  of  otiiei-  claims  thereon.  ' 


8 

There  is  another  and  serious  consideration  which 
should  have  weight  with  the  committee  in  their  re- 
port, and  strongly  recommend  and  urge  the  passage 
of  the  "House  bill'-  without  amendment.  I  beg  to 
refer  to  it  on  this  occasion. 

The  "Court  of  Commissions  on  Alabama 
Claims,"  in  their  awards  upon  losses  of  merchan- 
dise, rendered  judgments  based  upon  the  cost,  adding 
marine  insurance,  and  6  per  cent,  interest  from 
time  of  shipment  to  date  of  loss,  instead  of 
awarding  the  value  of  the  property  at  the  date 
of  loss,  as  was  estimated  in  the  tables  at  Gen- 
eva. Instance  the  cargo  on  l)oard  the  sliip 
"Winged  Racer,"  destroyed  by  the  "Alabama." 
It  cost,  on  board,  in  the  East  Indies,  pa^i^able 
in  London,  including  marine  insurance,  $190,- 
146.79,  for  which  judgment  was  rendered  and  paid 
1st  May,  1876,  with  4  per  cent,  interest  added  thereto 
Its  net  value  at  New  York,  in  bond,  on  the  day  it 
was  destroyed,  estimated  fiom  actual  sales  to 
arrive,  made  at  that  date  was  $216,480.89.  At 
the  date  of  her  probable  arrival,  it  w^ould  have 
realized  $252,210.67,  and  in  lieu  of  interest  at  6 
per  cent. ,  as  estimated  at  G-eneva,  4  per  cent,  only 
has  been  allowed. 

Taking  the  net  value  at  the  date  of  loss,  10th  No- 
vember, 1863,  satisfactorily  proven  by  voluminous  tes- 
timou}^,  at  $216,210,  with  6  per  cent,  interest  thereon 
to  date  of  payments,  1st  of  May,  1876,  it  aggregates 
a  difference  in  the  result  ovei-  the  cost  and  4  per  cent 
interest  of  not  less  than  $03,000,  to  Avhicli  extent  the 
owners  on  that  cargo  still  actually  suffer. 

If  we  take  the  ascertained  net  value  which  it 
would  have  realized  at  the  time  it  was  due  at  New 
York,  about  the  1st  March,  1864,  at  $252,210, 
with  6  per  cent,  interest,  the  difference  would  have 
been  $155,229,  showing  a  final  absolute  difference 
which  the  owners  might  have  realized  on  cost  but 
for  the  destruction  of  the  property  by  the  Confede- 
rate cruiser,  Alabama,  not  taking  into  account  the 
difference  of  1  per  cent,  in  the  interest,  the  usual 
rate  in  all  business  transactions  being  7  per  cent. 


Surely  in  tlie  face  of  such  inequitable  adjudications,  - 
it  would  s(^em  still  more  unjust  to  withhold  from 
the  war  premium  claimants,  the  respective  sums 
which  tliey  were  compelled  to  pay  for  the  wrongful 
acts  of  Great  Britain,  of  which  not  one  penny  has 
been  reimbursed  by  the  consumer  to  the  unfortu- 
nate merchant  who  })aid  them. 

You  will  pardon  me  for  intruding  upon  you  so 
much  detail  of  my  own  mercantile  experience.  If, 
however.  I  have  succeeded  in  answering  your  ques- 
tions within  the  scope  of  your  inquiries,  I  will  have 
been  repaid  for  venturing  to  trouble  you  with  this 
lengthy  communication. 

Referring  to  the  annexed  Memoranda  of  the  loss 
of  tlie  cargo  of  the  ship  Winged  Racer,  an  itemized 
statement  of  which  I  also  inclose — 

I  am,  dear  sir, 
Your  most  obedient  servant, 

HENRY  AV.  HUBBELL. 


TaHI.K  1)I1-KKHKN(  k 

No.  1,  Cost,        -      -  -     -  $l',lO,14(i.  at  4;,  S"-i«*i,li;,  at  ()>  S330,8a"),  $47,000 

"   2,  date  destroj'cd,  -    -    21(j,480,  •'      322,555,  "      376,075,  93,551 

"    3,  date  of  ari-ival,  -    -    252,210,  "      375,4!)3,  4:38,546,  ]55,22'.i 


10 


=0 

'?; 

'"i 

— 

<?;> 

^- 

c>> 

r«.. 

m 

^ 

hCi 

g 

<a 

c 

<ij 

^ 

f^ 

>^-* 

S5  ic  ;c 

f-  es  xi 

t-  xc: 


00 


X 


-t  -*  X  I- 

1-1  l^  lO  r- 

XO  c;  o 

C5CS  ox 
O  r-i  X  O 


!  -*  i-  •'-^ 

'  ^         =:  — 


X-* 
7(  1— 


CO    CJ  T^ 


=5  L~  CC  X 


o 


X  o       *  i-  f 


X 

x", 


-« 


C**  W  C«         OJ         1-^  ^  1 1 


« 
<» 


^ 


CO 


X 

55 

■^i 

—  i.T  "+ 

—  iO  T-< 

a 

i"  i--   ^H   ^^ 

X  CO  -^  c~. 

CO 

Sg 

S  C5 

COCO 

-* 

y—t 

X 

o 

ooco 

CO  10  05 

lO  Or- 

X  io  i— 1  'S 

o  ?o  X  i.o 

35  O  CO  TT 

o 

X 

=5  O 

Or- 
el' X 

CO 

5- 

T* 

'-OC>J 

I- 

X  cvj  C5  ( - 

C^         ■*  CO 

o  •* 

g  o 

tj^ 

.  3 


^  2 

:/2  I— I 


c5 


"o 

I— « 


o 


fcc 

«2 


as 


«; 
O 


o  S  -  S  O  ^  ^'-r    ^ 

-O  >  X  =  :     =r;  ^  if  2 

=  -   -  di  =  ■_-     c^.i; 

^    -     -  .£  -^'Lr  ?  z 

-  "  H  £  B.'  -"■  .- 

sac  -  •'-  :    s 


'     O     ^     t. 


'S 

o 

5 

< 

•4^ 

a 

r=; 

o 

bi: 

'"   ^ 

^ 

a> 

o 

i,' 

^ 

o 

^ 

^ 

tr 

_ 

T) 

a 

o 

2 

:=q 

"w 

'^ 

o 

CO 

— 

.— 

— 

^ 

C 

-^ 

£( 

^ 

'^w 

- 

P= 

3 

c 

cr. 

-r^ 

r*. 

3 

^ 

bn 

^ 

OJ 

O 

1— 1 

yi 

r^ 

w 

q 


C>>  CO 

CO 

a 

o« 

CO 

X   >>> 

^ 

—   CS  O 

- 

s^ 

CO  CO  • 


c 


eoi>xco  1-1 

.      i-iOlCO 

JO 

■J2    !z;o 


CO  1-^  CO      CO 


X 


^? 


X 
X 


S5 

o 


^ 
^ 

55 

I- 

.-o 

1* 

CO 

o  KW 


i-i 
o 

'S 

-.fc: 

13 

« 

O 

o 

;:; 

S4-I 

''^ 

IS 

.-* 

M 

SJ 

H 

o 

X     o 


11 


e 

-*  rtl  OJ 

w  o  t- 
C?  0^  c> 

30  i-~  :S  lO  O  I-  --C 

O  •*  ^^  T-H  i—  00  *tl 

-*  '^  CO  ( ~  O  iO  o? 

o  xi  •^tl  c;  00      £~ 
GO  ■"*<  O  c?  irj       ^ 


•O  00  --T^  i=  --C  '-  >0 

X  oi  X  CO  ■>>  ~-  ■:■? 

C*  (M   T^   T-1   i-H 


Of    O?    C^  T-    -,-1    T-i    ^ 


^  -*  c;  o*  -*  lo  '.-:■  Si  'X  cr.  x;  t;- 

X  GO  o  -*  I-  o  OT  o  :;>  I-  1'  '-» 

c;  C5  00  o  »  »  C5  ic  c"!  t~  f^"  50 

0  CO  T-H  ?<  Of  r^  o  c;  c(  "5 


GO  -*  -^  o  «-  X)  0  t-  oi  ^ 

I-  c:  -30  o  —  i2  O  :r;  -^  ^ 

C-1  ^^  r-(  T— (  T— t  ^^ 


C5 
CO 

00 


00 


QO 
1—1 


PQ 


P 

O  '"?  ~ 
Of  "^  ^ 


T-'    O    10    O    W    10    1-1 

d  O  X  l~  l"  t-  C^( 

o  cr  o  io  o  ;=  :* 
o  c:  o  c?  oi  o\ 
cc  <N  :o  x'  o      (?< 


:O-*GOt~00iC-r-IJ>GOQ0 
T-1  T-l  l.'5  CO  00  O  l~  1-!  O  O 

O  -^<  C"!  0>  ID  «^  O  O  CI  O 

o  CO  i.-r  i-o  CO  *  -  o  1— (  CO  ^< 

i.O  ^^  1— I  O  X  i^  l-O  CO  s^  t~ 

of  00"  -*  Si  o"  x'  cc  o"  o"  I  -o" 

Oi  ,-H         -tl<  t-  CO 


cseo 

§B 

^  00 

CO  10 

0 

Si 

10 

^^ 

§ 

CO 
O 


o 

00 


0^ 


a 


3 
o 

u 

eS 


2  'i-'-ii 
O   cs    -- 


be 


S  ci 


a.  r-,  &<  IsH  (^^i  1^  («^ 


CO- 
O    O 

Ho 


£  -  K  w  ■ 


c3 


.*-';-- 


P5 
O 

is 
w 
1^ 


w 


H 


cc  " 

*^ 

o 

?-( 
Gi 

pq 


« 
a 

eS 

pq 


00  CO      oj  1-1  a-1  01  *''      *' 


oo  o  o  cJ  10  ■*  ^  ifi  OS  ».o      00 1^ 

<M  OJ  CO  ^        OJ  1^  OJ  '-^  i-H        i-H  o> 


CO  Tfi 


CO 


=  -     3oCt-i=23-     3  «  "  «  <^  ,5  i^  i-i   ^  i^'-'      « 


12 


Account    iSales   of  Snii(Jr/e.<^,  ex. 
Mcm'tlla.  t'ov  account  of  wliom 


"  Tropic^''  from. 
it  nxiy  concern  : 


18G4. 
Nov. 


Gross  Proceeds  of  2,900  hales  of 
lu'iii]),     ea.    270. 

Obr),8oortj@iGitt 

I  "  Q,?>\2  mats  of  su- 

I  ii'ur,  418,926  lb  ^/) 

\Sh:  &  15c.  for 
I  damaged, less  2^^*; 

&  35J' ■_ . 

\                        Chnrgea. 
I  Mariin-  Insurance,  $220,000(a«2i-;, 
and  Policies,.        -    '. 

War  Insurance,  1230,000  qij  :];/_ 
:  Duty  on  Sugar,  440,40011)  @  3  '%. 

Duty  on  Hemp,  T,  3G2A  ^  |25- 
'  Premium,  gold  on  tlie  above  duty 
I         @,  23o)/ 

Freiuht,       Hemp 

i      T,349M|*(a£3,10,i;i  ,224, 10,7 
Freight,       Sugar 
T,  187HM@£2,15.--    516,  5,0 


£1,740,15,7 
@  250^  Exchange 
i  Cartage,  Fire  Insu  ance.  Storage 

j         and  Labor 

I  Brokerage    and    Gov't    Tax  on 

I         Hemp 

j  Brokerage    and    Gov't   Tax  on 
I         Sugar ._ 

Net  Proceeds  due  Nov.  23,  1864. 


$127,575  00 


75,058  80 


1202,625  80 


$5,502  50 
6,903  75 

13,392  00 
9,062  50 

30,313  58 


19,342  00  j 
2,  (.26  25 
797  34  . 
288  25  1  87,628  17 


$114,997  63 


K  d  ().  h\ 

New  York,  dlst  Uec,  18f>4. 

Henry  W.  Huhhell. 


13 


CO 


^ 

^ 


':> 


^3 


I   s 


<^ 

"i  - 

<  -1 

fj-" 

•N 

<f 

c^ 

i-<» 

* 

^ 

C7 

Ol 

^ 

00 

00 

t- 

^ 

' 

•5^ 

lO 

CO 

re         CI 

T-H 

CC 

•^         •-£ 

S5 

tH 

t-       o>  lO 

O 

C5      ceo 

CO 

C5         I' 

-* 

Of 

1-1 

T-t 

1-^ 

a:  =*-!     1  O 

a;  O 

._« 

"^  » 

r- 

^  br. 

.-• 

c; 

^ 

£2^ 

j2 

1—* 

c 

'-^of  «  ci 

0^:::^%  . 

^••^..^ 

■^ 

■Jl  rr^--      ~<L 

a 

-^B-^  : 

C 

S  «  --• 

^,       -'  ,^ 

o     -*     -'r 

c 

aS  X,^ 

;  a 

> 

1 

; 

M 

cq 

- 

»              00 

J 

(M              «N 

't   >                ^ 

CO  o           a 

:S!zi        O 

1  i  - 

CI 

!  o? 

•o 

o 

Cl 

07 

oc 

'P 

i- 

t- 

^ 

>   %©• 

o 


If) 


rs        r- 


o 

TO 
01 

to' 


O 

T— ' 

CO 
■JO 

o»^ 

co" 
1-1 


i.O 

CO 


oi  '~ 

-*  LO 

_.  o« 
co"'* 

O!    g) 

CO  "i' 


u  c  ~  '■"  h 


^ 


X 

OJ 


i-iM 


o 

s 

03 

"a 
o 


CO 


o 
P 


CO 


CO 

CO 


Si 

Si 


14 


Account  Sales  of  Sundries,  ex.  ^''Nicliolas  Jliddle,^'' 
from  Ccdrutid,  for  accoinif  of  whoin  it  may 
concern  : 


1864.  • 

Oct.       20    6,350    basi-s    Linseed,      21,4201^ 

liushels  dfi,  $4/'„\ '     f 91 ,035  90 

Less  allowance  for  damatjc  486  62     $90,549  28 


2,400  bales  Jute  %  $270  @  |300 
per  ton 


Charges. 
'  Marine  Insurance,    $6,608  gold 

!         @.  3  ^  and  241  ;.' 'l..- 

■  War  Insurance,  $6,008  gold  (», 

3J:;and24U'     

Marine  Insurance,  $150,000  cur- 
rency 3  %  and  Policies 

War    Insurance,    $185,000    cur- 
rency 3  ^  and  Policies 

Freight  on  Jute  T,  611,28,2  Qo^HS 

'•      Linseed"  696,  3,0(r/,$16 

Duty  on  Linseed  21,549  bushels 

@,  16  c.  gold 

!  Duty  on  Jute 

Premium  gold  @',  201+ ,'t'-.- 
Brokerage  on  Linseed  @  4  ^r  and 

Govt.  Taxi "_ 

Brokeraue  on  Jute  @,  1  ^l  and 

Govt.  Tax  i 

Cartage,  Storage,  Labor,  Insur- 
ance, Sec • 

Interest  on  ( 'harges 


88.056  04 


$178,605  32 

$477  66 

557  38 

5,255  00 

5,553  75 

9,787  26 
11,138  51 

3,447  84 
4,836  00 
8,408  09 

565  93 

♦ 

990  63 

1,786  05 
321  76 


53,128  98 


$125,426  34 


Net  proc-eeds  due  Nov.  28,  1864. 

K  cD  O.  K 

New  York,  Decemher  ?>lst,  1864. 

Henry  W.  Huhhell. 


15 


1"^ 


t  > 


^ 


'U 


G 


'^l 

^ 

?q 

1  -i 

1  <» 

'^~> 

K 

fi 

tii 

•"^ 

t^ 

•^j 

'i-i 

^ 

^5^ 

^ 


^3 


CO 


CO 


o 

00 


CO 
CO 


CO 


CO  CO 


cs      o  o 

-*  T-l  GO 


•I— I 


so 

o 

00 


o 

o 
Iffl 


l-H 


'-'  a  ^ 


I 


T 

C 

^3 

o 

OJ 

.-/! 

a; 

a; 

rn 

r* 

bfi 

o  £  « 


?  i;  Ti  ;r:  o  :=  i^ 


♦^  O  lO    rr,  ^    ;^  ^ 

O;^  CO--   rt  S   5 


00 


Is  12; 


00      o 


CO      r— 

o 

00 


o 


Co 

1-H 


1^ 


CQ 


1  =-: 


r  1 


3D 

o> 


•5€- 


0} 

OJ 


o 

LO 

l.O 

liO 


<-       c:  O 


JO 

co 


00 

00 

00 


2?     ^■ 


o  I' 

O    i 
it?   I 


1—1 


CO 

o 

00^ 


i'O  ^-^lO  ^1(0  ^-^-^ 

-co         CT       .CO-^C<M 

5  o»  —  0»  o  O'  ^O^ 


^ 


c 

:** 

^4' 

-K 

-  ■ 

: 

•• 

r 

O 
CO 

s;§ 

'I* 
1— I 

T— 1 

CO 

i) 

a 

PP 

c 
E- 

CO 


o 

p 


?5. 


tq 


16 


Account  Sales   of  Sugar,    eop.    '•'■Hamlet^''  from 
Manilla,  for  account  of  whom  it  may  concern: 


1864.  I 
:\rarohl 


33 


6,343 bajTR Net 424.711ft.  @,13c. 


$55,212  43 


16 


Jan. 


Clum/es. 
Marine  Insurance,  $35,000  @  34- 

%  and  Policies 

War  Insurance,  $35,000  @  3i  ^ 

and  Policies _. 

Duty,  44(),18()n)  @.  3.i  c 

Premium  on  gold  163|  f/. .  - 

21  \  Freight,  tons,  lS8-f,f,^  (in  $16 

Storage.  Insurance, Cartage,  c^'c. 

Brokerage  ^  ;, 

Interest  on  Charges 

Net  jM-oceeds  due  March  23, 1 864. 

K  <&  O.  K 


$877  50 

876  25 

11,154  65 

;,oi;!  48 

:!.011  50 

553  13 

138  03 

56  J)l 

23,680  44 

$31,531  99 

New  York,  June  16///,  1864. 

Henry  W.  Huhhell. 


Account    Sales    of  Hemp,    ex.     ^^Hamlet^'  from 
Manilla,  for  account  of  tvhom  it  may  concern : 


1864. 

■ 
5,387  bales,  average  due  Feb.  11, 

1864 . 

$186,88»  37 

Charges. 

Marine  Insurance,  $130,000  @2i 

%  and  Policies . 

$3,358  75 

War  Insurance.  $135,000  (&  3.1  v 

and  3  '.i  and  Policies 

3,638  75 

Duty  on  T,  659^^  @  $35. 

16.4!)1  25 

Premium  gold  on  do.  @,  152 

:,  do  154  ^.^ 

8,812  92 

Freight,    1,3234  tons, 

@,$16 $31,17()  00 

Less  allowance  f >n 

7   bales   short 

delivered 336  00 

30,!)40  00 

Storage,  Insurance,  Cartage,  &c. 

1.868  88 

Brokerage  if/ 

!»34  44 

Interest  on  charges 

Net  proceeds  due  Feb.  11,  1864. 

338  03 

56,173  03 

$130,715  25 

E.  S  0.  E. 
New  Yorh,  \Uli  June,  1864. 

Henry  W.  Huhhell. 


17 


^5 


K 

JO 

C5 

s 

t- 

^ 


n^ 


1  > 


fi 


^ 


1-  i 


5>- 


l-»J 


Si 

T— 1 

i^ 

00 

^ 
^ 

ct 

JC 

I- 

IT 

CO 

**, 

rr 

CO 

(M 

«o 

^ 

5&! 

'  CO  ^ 

1  or  -^ 


m 

^i 

OJ 

^ 

o 

3 

-« 

et-i 

^w 

;_ 

r« 

cs 

■^ 

br 

O 

cc 

CO 

^  ■  -^  ^.  ^  •^-  c  ^ 


00  P 


C7 

:^ 

c: 

— 

T) 

-* 

c> 

X' 

CO 

^ 

C5 

CO 


"SO 


CO 
1^ 


CO 


00  <o 
t-  I': 


^  :^^ 


t~ 

l'^^                j  .^    «*< 

iO 

P      coa£ 

o» 

—      coo 

^M 

x'      cfof 

-f 

l-H           C5  l-H 

•-*■ 

■     ^ 

■.               ■. 

Ds?® 

^#s?  ; 

^         S      ' 

J-'  o      - 

Po"  J'    ; 

=  ^-s    • 

^^'to 

Ss  S    ; 

^    v\0 

■■  ^  ^^    ■  <»        ' 

— ^  Htii-H 

^■"o  i^-r 

i.-f  X  cf 

Si  r".  c:  ?, 

V,  i^  <^' 

T-nCt!,-  j: 

^' 

ci 

<o 

.^ 

o 

•4—' 

e 

r^            ^ 

*"        -^ 

..        •* 

G 

C 

c3 

« 

M 

o 

o 

H 

E-i 

CD        CO 

t-: 

« 

tH- 

, 

-*••£: 

b 

«o  c 

CJ 

0OJ7 

"S 

pa 


CO 


lO  1 

CO 


CO 

1-1 


1  v, 
1  -* 


>  -4 


1  > 


18 


Account  Sales  of  Hemp,  ex.   "  Sea  Serpent,^''  from 
Manilla,  for  account  of  ivlwni  it  may  concern: 


1864. 
Sept. 


6  I  2,400  bales  ea.  2701b,  648,000  lb 
'         @20c.. 

Charges. 
'■'  Marine  Insurance,  $98,000  @2i^ 

j         and  Policy 

War  Insui-ance,  $98,000  @  2i  ^ 

Policy 

Freight  T,  600  %  $10  gold 

Premium  on         do  @,128i  j?' 

Duty  T,  800  ^x  $25  _  _ .". . 

Premium  gold  on  do  @128i  % 

Storage,  Insurance  and  Cartage .- 

;  Brokerage  I  %  and  Govt  Taxt . . 

Net  Proceeds,  due  (itii  Sept.  1804. 


},451  25 


$129,600  00 


2,451  25 

6,000  00 

7,710  00 

7.500  00 

9,();;7  50 

1,296  00 

810  00 

:j7,856  00 

$91,744  90 

K  &  0.  E.     . 

New  York,  26^A  Nov.,  1864. 

Henry  W.  Huhhell. 


19 


I 

■ 
CO 


IN. 


t« 


^ 


«©■ 


00 


CO 


C5 


s 

s 
a 

c 

03 


Oi 

« 

III 


« 


CO 


0) 


^  '^  k5 


-3 


Co 
CO 


o 


00  s^ 


pq 

.^ 

^ 

•^ 

, 

iM 

^ 

1^ 

> 

• 

>- 

O 

o 

'^ 

K 


^ 
N 


-S 


CO  1-4 

i><N 

i;^ 

eso? 

oo? 

' 

cs 

«■ 

i 

OJ>       o 

O   fcC     ' 

1-H 

-"o     1 

oico-     o" 

1-1  y.    1 

T— ' 

^  «    1 

! 

l>  CO         i-i 

of-fce    ; 

CO    O              TH 

in  ^   ' 

1 

-j.T'  ^^  "^^ 

1 

Is" 
m  O  4S  a 

@i 

^-1 

OO   rt   83 

d 

i-ss 

V 

t:  o  o  B 

c 

r2 

•2^  ■-   S 

E  c     •  »- 

o  rt  -^t^ 

"S 

h-i  W  HH     O 

pq 

o 

— 

Eh 

1 

Tj5 

> 

<s> 

o 

00 

1  '-I 

Iz; 

00 
00 

tH 

CO 


20 
Tatolo    IVo.    1. 


Cost  of  ('AiKio  ox  Hoauu  Stiii-  ■•Wixgkd  Racki!,"'  Novemijkr  Kitii,  18tiS. 


Ownen  : 
HHNRY  W.  IIURBELL,  onchnlf. 


'."i.SlO  Balks  Manilla  Hemp, 
i),(i07  Bags  Manilla  Sugars, 
I  100  Bales  Hide  Cx'ttings, 
IJOP.ERT  L.  TAYLOR,  ..n.-hnlf.    |  i,,,,  Boxks  China  Camphor. 


Letlcr  of  Credit  on  Drake,  Kleiinvort  ik:  f^ohen  (D  No.  657),  for 
jiccount  of  Henrv  W .  Huhbell,  iuid  the  owners  of  ship  "Winged 
Racer,"  i;','(M)()()  slerling,  dated  London,  .Alareli  2(),  1803,  of  which 
£10,950  was  drawn  by  Samuel  G.  Downs,  aTid  accepted  in  London, 
November  Kiili,  IHO:!,  at  si.\  months"  siglit,  easli  ^lay  Kith,  18()4,  for 
account  of  said  iienip,  sugars  and  hide  cuttings. 

Letter  of  Credit  on  Brown,  Shipley  A:  Co.,  Liverpool  (No.  D;5,ll(5), 
for  account  of  Henry  W.  Hnbbell  and  Itobcrt  L.  Taylor,  by  vessel 
or  vessels,  £20,000,  dated  New  York,  March  25th,  186:5,  of  wliicli 
i'557.8.2  was  drawn  l)v  .\ugustine  Heard  it  Co.,  and  accepted,  i)ay- 
able  in  London,  September  l;>,  lS(i;>,  at  six  months"  sight,  cash  March 
18th,  18()4,  for  account  of  said  100  boxes  camphor. 

PAYMENTS. 

1864. 

Ajtril  :>().  Remitted  Drake,  Kleinwort  A  Cotien,  60  days' 
sight  draft  of  the  British  and  American  Ex- 
change Banking  Corporation  (Limited),  £10,- 
000  cash  in  London,  July  14th,  1864,  @  98  % 
V.  S.  Currency 188,000  00 

May      4.   Do.  do.   do.  $10,800  @  96  ;,  U.  S.  currency...      94,080  00 

.March  "2.  Remitted  Brown,  Shiplej'  &,  Co.,  60  days'  sight 
Draft  on  themselves,  for  £576,18,5  ca.sh  in 
Lcmdon,  May  16th.  186:3,  @  74|  ',; 4,480  00 

^[ay      4.    Commission  for  purchasing  and  remitting  bills 

(©  1  ;^ 1,86620 


$188,426  20 


MARINE    PREMIUMS. 

1864. 
[une  4.    On     cai'go     bj^     Atlantic 
Mutual     Insurance    Co. 
$72,000  00 

At  2i  ;,  ;ind  policy. $1,801  25 

"       On  profits    do.$45,000  00=1,126  00 


2,927  50 


Less   return  .scrip  divi-- 
dend,  40  j; 1,170  00 


1,757  50 


21 


.Tunc  4.  On  cargo  b}'^  Union  Mutual 
Ins.  Co  ."    -     .$35,000  00 

At  24  ;/  and  policy <>2.")  00 

Less   relmn   scrip  divi- 
(lend,  '2S;, IToOO 


4r)()  00 


On  cariio  by  N.  V.  Mutual 

Ins.  Vo !|l.-).000  00 

At  21  ',.  and  ])olicy -  -        :iT5  00 

Less  return  scrip  divi 

dciul,  :!0  ' 112  ."iO 

- 2(12  .■)() 

On  carii'o  by  Sun    Mutual 

Lis.  Co.--'---!|2.'),000  00 

At  2i  ^;  and  policy '       02.5  00 

Less  return  scrip  divi-        180  00 

dend -145  00 


2.!)15  00 
!ji]01.:!41  20 

OVER-PAYMENTS    IN    LONDON. 

>[ay  4.    l'i:!4,l^<,0  (as  per  ststen\cul  annexed)  sight  draft. 

100  :;  currency 1,194  6(> 

Total  cost  of  cargo fl 5)0, 14(5  54 


MEMORANDUM  STATEMENT  OF  OVER-PAYMENTS  IN  LONDON. 

|)u(^  Drake,   Klcinwort   iV:   C^iin'ii, 
ill  London,  casli    May  10.  lS(i4   .  £lJ),i).50.  0.0 

Coinniissioii,  2.V  ;, .t':59y,  0,0 

Statni>s,   I'osiages,  Arc.-.       'Ji.!^!*' 


402.  K.C. 


Discount     in    London    on    remil- 

tances,    t2o,soO,   due  .July    16, 

lH(i4 -  -  ;)13,  5,0 

£20,(if<(i,2,(; 

Hrniillc<l 20.800,0.0 

£18:3,17,0 

DiieHrown,  Shipley i^'  Co..  in  Lon- 
don, cash  March  IS,  1804 557,  8,2 

Coniniission,  2.V  ;/ £14,0,0 

Sl;nnp>,  Postau'cs,  1.^'c 2,0 

14,  2,0 


Di.sco'iiil  in  Loiidmi  i>n  reinil- 
tances,  £57G.18..').  due  .M:i\  Kl. 
1804 4,  7,'.t 


575, 1 ; ,  1 


Kiinil1i(L 570,. 8,05 

1.  (»,(! 


Over  remittance,  £l:!4, IS, 0.  est imated  (sight  drafi.   M.iy 

II,  ISOI)  c<T  100 '.  ifl.l'.M.Of)        - £1:34,18,0 


42577}:- 


22 

Tal>le   TS^o.  S. 

Showing  tiie^Calculation  of  the  Net  VaIjVk  of  Cargo  in  Nkw  York,  at  the 
Datk  or  Destuuctiox  of  thk  "Winged  Raoer."  10th  Novkmbeu,  1863. 

5,810  bales  Manilla  hemp,  ea.  270 

lbs.  =1,.")<;S,700  lbs.,    worlli,  on 

the  10th  November,    ISO:},    and 

(hiring  that  month,  and  to  arrive 

in  New  York l^fg^o  c.  curr(!iu;y 

Less  dut}'^  $25  gold  j^er  ton  of  2,240 

lbs.,    equal,   with  gold  at  47  ',i 

premium  (average  rate  of  No- 
vember) to (deduct)  ly'^(9,f  @  10," 0,=  $1 70,988  30 

Deduct    freight,    1,452^     tons    (g»  * 

f  12 . .  .117,450  00 

brokerage,  i  % 854  98 

18,324  94 

1 152,(JG3  36 
9,(i07  bags  extra    claved    sugars, 

5,000  pels.,  ea.  132  Ibs.=0GO,O0O, 
worth  on  the  10th  Nov.  (and 
during    that    month),    at    New 

York  and  to  arrive 12  j-^,)',,  e.  currency 

Less  duty  24  gold  per  lt>.,  equal, 
with  gold  at  47  '/i  premium  (aver- 
age of  that  month),  t().-(dcduct)3T''o^@.8iV»=58,27S  00 

Deduct     freight,     312^    tons     (^ 

$12 13,750  00 

Brokerage  1% 145  69 

—  3,895  69 

54,382  31 

100  bales  hide  cuttings,  27,771  lbs., 

@12c.. ...^. 3,332  52 

Duty  10  %  ad  mlorem  on  invoice 

cost  of  $1,448.16 144  81 

Gold  at  47  </■  premium  (average  of 

the  month) __ 68  06 

Hrokerage,  i ',L 33  32 

Freight,  25  tons  @.  |12 _  300  00 

546  19 

2,786  33 

100  boxes  China  camphor,  13,110 

lbs.,  @,  $1 12,110  00 

Deduct  duty  30c.  per  ft  g  ild,  and 
gold  at  47  '/c  premium,  (average 
of  the  month),  equals  $44.10--       5,340  51 

Brokerage,  1  ^r 121  10 

Freight,  nil  (on  deck) 

5,461  61 

• 6,648  39 

$216,480  39 


23 
Tfilble   IV o.  3. 


yiioMNt.  THE  Calculation  of  the  Nkt  "Value  of  CAinio,  at  the  time  the  ship 

WOULD  HAVE  ARRIVED  AT  NEW  YOBK,  BETWEEN  25TH  FeB.  AND  4tH  MAKCH,   18fi4 


0,810  bales  Manilla  hemp,  each  270 

ft.    1,  568,700  ft. 15  c.  cuiTcncy 

Less  duty  |25  gold  per  ton  of  2,340 
Tt).,  ecjiial,  with  gold  at  60  ;,  pre- 
mium, to (deduct)  1  jV'rt  m  V^-{,u)=  $207,225  27 

Deduct  freight,  1,452  tons 
@  $12-. 1. .--.$17,450  00 

Brokerage,  ^  % 854  94 

18,l!U4 1)4 

$188,920  33 
9,607  bags  sugars,  5,000  pels.,  each 

132  111.,  660,000  n..,  worth 12yif„  c.  currency 

Less  duty  2i  cents  gold  per  ft., 

premium  60  f,' (deduct)  4     ia,  8i'„"„==57,7oO  00 

Deduct  freight,  812^  tons 

@,  $12 .$3,750  00 

Brokerage,  1% 144  37       , 

:!,894  37 


53,855  63 


100  bales  hide  cuttings. — No  change  from  Table  No.  1. 
Gold  at  60  :/  premium,  carried  market  prices  to  V2f^f^, 
l)ro(lucing  same  resull  as  Table  No.  1 2,786  32 

100  i)oxes  camphor. — No  change  from  Table  No.  1.  Gold 
at  60  ;,  premium,  carried  average  i)rices  to  $1.04,  pro- 
ducing same  result.  _ 6,648  31) 


'n 


$252,210  61 


UNIVERSITY  OF  CALIFORNIA,  LOS  ANGELES 

THE  UNIVERSITY  LIBRARY 

This  book  is  DUE  on  the  last  date  stamped  below 

-,,-6-) 


^    JAN  5    l3Ti 

D£t2  41969 


Form  L-0 

25m-2,'-13(5205) 


UNIVERaTY  of  CALIFORNIA 


AT 


iJCSOyTHERJJ  REGIONAL  LIBRARY  FACILITY 


I 


PLEAtf  DO  NOT    REMOVE 
tVuS   BOOK  CARD- 


"^00  51 7  565 

c 

X 


^'S^ 


|0   c. 


l~  M 


•K,  Research  Library 
University  Heseu. 


s 

« 

s 

« 
a 
« 

e 
« 
e 
e 

£ 
£ 

a 
s 


'mmm 


■■'-■  v-. 


